Wedding Budget Calculator

Formula

The formula to calculate Wedding Budget (WB) is:

\[ WB = I \times p \]

Where:

$WB$ is the wedding budget ($)
$I$ is the annual income ($)
$p$ is the percentage of income to allocate (decimal)

What is a Wedding Budget Based On Income?

A wedding budget based on income is a financial plan for a wedding that takes into account the couple’s earnings. It helps to determine how much they can afford to spend on their wedding without going into debt. This budget includes all wedding-related expenses such as venue, food, attire, decorations, and more. The couple decides on a percentage of their income that they are comfortable spending on their wedding and allocates it accordingly.

Example Calculation

Let's assume the following values:

Annual Income (I) = $80,000
Percentage of Income to Allocate (p) = 0.10 (10%)

Using the formula to calculate Wedding Budget (WB):

\[ WB = 80,000 \times 0.10 = 8,000 \]

The Wedding Budget is $8,000.